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China plans bad debt fund for foreigners

US$1b fund will help them invest in soured property loans and distressed real estate

Tue, Apr 22, 2014 - 6:00 AM

[BEIJING] A unit of one of China's biggest bad-debt banks plans to woo foreign investors with a US$1 billion fund for soured property loans and distressed real estate assets, reopening the sector to outsiders after a failed attempt last decade. That the fund is being launched just as growth in